Abacus Wealth Partners LLC acquired a new stake in Woori Bank (NYSE:WF - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The fund acquired 7,453 shares of the bank's stock, valued at approximately $249,000.
Several other institutional investors have also added to or reduced their stakes in the business. Bank of America Corp DE increased its position in shares of Woori Bank by 19.6% during the fourth quarter. Bank of America Corp DE now owns 140,654 shares of the bank's stock valued at $4,395,000 after buying an additional 23,015 shares during the period. Canopy Partners LLC bought a new stake in Woori Bank during the 1st quarter worth approximately $201,000. Point72 Asset Management L.P. increased its holdings in Woori Bank by 148.1% during the 4th quarter. Point72 Asset Management L.P. now owns 13,400 shares of the bank's stock worth $419,000 after acquiring an additional 8,000 shares during the period. Cerity Partners LLC lifted its stake in Woori Bank by 68.0% in the 1st quarter. Cerity Partners LLC now owns 68,203 shares of the bank's stock worth $2,277,000 after purchasing an additional 27,616 shares in the last quarter. Finally, GAMMA Investing LLC boosted its holdings in Woori Bank by 3,000.5% in the 1st quarter. GAMMA Investing LLC now owns 81,481 shares of the bank's stock valued at $2,720,000 after purchasing an additional 78,853 shares during the period. 3.41% of the stock is owned by hedge funds and other institutional investors.
Woori Bank Price Performance
Shares of WF traded down $1.44 during mid-day trading on Friday, reaching $51.45. 81,119 shares of the stock traded hands, compared to its average volume of 66,245. The company has a market cap of $12.74 billion, a price-to-earnings ratio of 6.48, a price-to-earnings-growth ratio of 0.96 and a beta of 1.04. Woori Bank has a 1 year low of $29.44 and a 1 year high of $57.97. The firm has a fifty day moving average price of $48.72 and a 200 day moving average price of $39.43. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.86.
Woori Bank (NYSE:WF - Get Free Report) last posted its earnings results on Friday, July 25th. The bank reported $2.63 EPS for the quarter, missing the consensus estimate of $3,574.37 by ($3,571.74). The business had revenue of $2 billion for the quarter, compared to analysts' expectations of $2,790.97 billion. Woori Bank had a return on equity of 8.31% and a net margin of 11.84%. As a group, equities research analysts predict that Woori Bank will post 8.24 earnings per share for the current year.
Woori Bank Company Profile
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Free Report)
Woori Financial Group Inc, a financial holding company, operates as a commercial bank that provides a range of financial products and services to individuals, corporations, and small- and medium-sized enterprises in Korea. It operates through Banking, Credit Card, Capital, Investment Banking, and Others segments.
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